I was having a bit of think about this Spider and my first...

I was having a bit of think about this Spider and my first thought was EFH. If you look at the numbers held by HSBC ( EFH IMO) you can see the changes. That then jogged my memory and took me back to the announcement that had the following in it.

1. While shareholders will retain all economic benefits of their shares, voting rights will transfer to EFH, which is contractually prohibited from exercising any voting rights associated with the shares.
   

So if my speculative thoughts are correct could that indicate that EFH will have to buy back shares by the 21st of this month for their clients to receive the esioc which is an economic benefit?

If they have to I would think buying the esiob is the cheapest way out as there is volume currently for sale.